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Rite Aid, CVS shut off Apple Pay

26 Oct, 2014

CVS and Rite Aid shut off the service as it apparently conflicts with the CurrentC mobile payment system developed by Merchant Customer Exchange (MCX). CurrentC, which generates a QR code on the merchant’s checkout terminal, is already partnered with WalMart, Best Buy, Target, and Sears. CurrentC reportedly works with existing checkout terminals, while Apple Pay requires merchants to purchase new equipment to communicate with the NFC chip in the iPhone 6 and iPhone 6+. Both Rite Aid and CVS are among those that don’t need to buy new equipment, so their decision to shut off the service is reported to be likely as solidarity with the other retailers.

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